EUR/NOK - 1H - Technical analysis published on 10/04/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 10.5007 NOK
My targets
10.4308 NOK (-0.0262)
10.3709 NOK (-0.0861)
My analysis
In the short term, we can see an acceleration in the bearish trend on EUR/NOK, which is a positive signal for sellers. As long as the price remains above 10.5007 NOK, a sale could be considered. The first bearish objective is located at 10.4308 NOK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10.3709 NOK as an objective. Crossing it would then enable sellers to target 10.2452 NOK. If the price were to return above 10.5007 NOK, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.9
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Additional analysis
Quotes
The EUR/NOK price is 10.4570 NOK. On the day, this instrument lost -0.06% and was between 10.4186 NOK and 10.5456 NOK. This implies that the price is at +0.37% from its lowest and at -0.84% from its highest.10.4186
10.5456
10.4570
Here is a more detailed summary of the historical variations registered by EUR/NOK:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of EUR/NOK in 1H shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.2452 | 10.3709 | 10.4308 | 10.4570 | 10.5007 | 10.6100 | 10.6936 |
| Change (%) | -2.03% | -0.82% | -0.25% | - | +0.42% | +1.46% | +2.26% |
| Change | -0.2118 | -0.0861 | -0.0262 | - | +0.0437 | +0.1530 | +0.2366 |
| Level | Major | Major | Minor | - | Major | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.0874 | 10.2547 | 10.3591 | 10.5264 | 10.6308 | 10.7981 | 10.9025 |
| Camarilla | 10.3889 | 10.4138 | 10.4387 | 10.4636 | 10.4885 | 10.5134 | 10.5383 |
| Woodie | 10.0561 | 10.2390 | 10.3278 | 10.5107 | 10.5995 | 10.7824 | 10.8712 |
| Fibonacci | 10.2547 | 10.3585 | 10.4226 | 10.5264 | 10.6302 | 10.6943 | 10.7981 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.9495 | 10.0986 | 10.3840 | 10.5331 | 10.8185 | 10.9676 | 11.2530 |
| Camarilla | 10.5499 | 10.5897 | 10.6296 | 10.6694 | 10.7092 | 10.7491 | 10.7889 |
| Woodie | 10.0177 | 10.1327 | 10.4522 | 10.5672 | 10.8867 | 11.0017 | 11.3212 |
| Fibonacci | 10.0986 | 10.2646 | 10.3671 | 10.5331 | 10.6991 | 10.8016 | 10.9676 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.2958 | 9.5757 | 10.1225 | 10.4024 | 10.9492 | 11.2291 | 11.7759 |
| Camarilla | 10.4421 | 10.5178 | 10.5936 | 10.6694 | 10.7452 | 10.8210 | 10.8967 |
| Woodie | 9.4294 | 9.6424 | 10.2561 | 10.4691 | 11.0828 | 11.2958 | 11.9095 |
| Fibonacci | 9.5757 | 9.8915 | 10.0866 | 10.4024 | 10.7182 | 10.9133 | 11.2291 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.06 | |
| MACD (12,26,9): | -0.0140 | |
| Directional Movement: | -5.4493 | |
| AROON (14): | -35.7142 | |
| DEMA (21): | 10.4521 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.4281 | |
| Elder Ray (13): | -0.0134 | |
| Super Trend (3,10): | 10.5281 | |
| Zig ZAG (10): | 10.4632 | |
| VORTEX (21): | 0.9698 | |
| Stochastique (14,3,5): | 36.56 | |
| TEMA (21): | 10.4573 | |
| Williams %R (14): | -64.88 | |
| Chande Momentum Oscillator (20): | -0.0031 | |
| Repulse (5,40,3): | -0.0830 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0324 | |
| Courbe Coppock: | 0.10 |
| MA7: | 10.4616 | |
| MA20: | 10.2503 | |
| MA50: | 10.0172 | |
| MA100: | 10.1381 | |
| MAexp7: | 10.4687 | |
| MAexp20: | 10.4750 | |
| MAexp50: | 10.5019 | |
| MAexp100: | 10.4906 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | +2.02% | |
| Price / MA50: | +4.39% | |
| Price / MA100: | +3.15% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.17% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | -0.32% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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